COVID-19 and Sydney Commercial Lease Surrender: The Importance of Making Good

16 April 2020

The COVID-19 pandemic has thrown the commercial business world into disarray, both in Sydney and across the globe.

More employees are working from home than ever, and this situation has created a number of conversations about the future of office-based working.

For instance, questions like; how many employees actually need to be in the office? And, why can’t more work remotely, saving space and money?

The answers to these questions will become clearer in the coming months. However, it’s likely that businesses simply won’t need as much office space as they are currently using.

In this case, a number of companies will need to downsize by re-negotiating or surrendering their Sydney commercial lease.

If you surrender your Sydney commercial lease, you’ll need to fulfil your make good clause. But what does that mean?

More Remote Working May Mean Less Office Space

That means you’ll need to complete a commercial lease surrender with the help of a professional tenant advisor like Niche Tenant Advisory.

Once you’ve negotiated the surrender, you must fulfil the makegood clause in your commercial lease contract.

In most cases, this involves a strip out of the office space, right back to its original condition.

This can present a serious headache for businesses. Moreover, it can be a costly affair if you don’t know how to handle it properly.

Makegoods

Enter Makegoods.com.au.

We have a wealth of experience in this specific field, helping commercial tenants fulfil the make good clause in their lease time after time.

Moreover, we ensure that you’ll get your bond back in full.

Our process is extremely professional from start to finish, and we work closely with you the entire way, as well as building managers and landlords.

This ensures everyone is properly informed at every step of the way.

To discuss your Sydney commercial lease and make good clause, get in touch with Makegoods.com.au here.